Delivering regional aviation to the world
HALIFAX, Dec. 11, 2017 /CNW/ - Chorus Aviation Inc. ('Chorus') (TSX: CHR) is pleased to announce that it will be added to the S&P/TSX Composite Index prior to the opening of trading on December 18, 2017.
"Our addition to the S&P/TSX Composite Index reflects the success of our growth and diversification strategy," commented Joe Randell, President and Chief Executive Officer, Chorus. "We're transforming our organization with the objective of being a worldwide leader in providing regional aviation services. This milestone has the potential to broaden our investor base, increase trading liquidity and deliver additional value to our shareholders."
The S&P/TSX Composite Index includes the largest and most liquid companies on the Toronto Stock Exchange, as measured by market capitalization and trading volume.
Headquartered in Halifax, Nova Scotia, Chorus was incorporated on September 27, 2010. Chorus' vision is to deliver regional aviation to the world. Chorus owns Jazz Aviation and Voyageur Aviation – companies that have long histories of safe and solid operations that deliver excellent customer service in the areas of contract flying operations, engineering, fleet management, and maintenance, repair and overhaul. Chorus has been leasing its owned regional aircraft into Jazz's Air Canada Express operation since 2009, and recently established Chorus Aviation Capital Corp. to become a leading, global provider of regional aircraft leases and support services. Chorus Class A Variable Voting Shares and Class B Voting Shares trade on the Toronto Stock Exchange under the trading symbol 'CHR'. www.chorusaviation.ca
This news release contains 'forward-looking information' as defined under applicable Canadian securities legislation. Forward-looking information is identified by the use of terms and phrases such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "potential", "project", "will", "would", and similar terms and phrases, including references to assumptions. Such information may involve but is not limited to comments with respect to strategies, expectations, planned operations or future actions.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed in the forward-looking information. Results indicated in forward-looking information may differ materially from actual results for a number of reasons, including those described in Chorus's Annual Information Form dated February 15, 2017 and Management's Discussion and Analysis of Results of Operations and Financial Condition dated November 7, 2017. The statements containing forward-looking information in this discussion represent Chorus' expectations as of December 11, 2017, and are subject to change after such date. However, Chorus disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.
SOURCE Chorus Aviation Inc.
For further information: Chorus Media Contacts: Manon Stuart, Halifax, Nova Scotia (902) 873-5054, [email protected]; Debra Williams, Toronto, Ontario, (905) 671-7769, [email protected]; Analyst Contact: Nathalie Megann Halifax, Nova Scotia (902) 873-5094 [email protected]